Hedge Fund Simplicity Wealth Doubles Down on Chevron Investment

Simplicity Wealth LLC has made a significant investment in Chevron Corporation (NYSE:CVX), purchasing approximately $13.63 million worth of shares.

The firm acquired 82,222 shares of CVX's stock during the second quarter, as disclosed by its latest SEC filing.

This is not an isolated instance of investment in CVX; multiple hedge funds have increased their stakes in the company recently.

Norges Bank bought a new position in CVX worth about $3.73 billion in the fourth quarter, while Bank of New York Mellon Corp acquired a new position in CVX during the second quarter valued at approximately $2.38 billion.